NOT LISTED FOR SALE
10 Beds
8 Baths
4,468 Sq Ft
8,874 Sq Ft Lot

Last Sold September 19, 2023

Last sale price $1,625,000 $364 Per Sq Ft

57 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • East Facing Home
  • Cooling System Mounted To A Wall/Window
  • 5 Car Garage
  • 3-minute walk to Schweitzer Park

About This Home

As of September 2023

This Absolutely Stunning Covington 4Plex Is One Of The Largest 4Plex In Square Footage, It Is A Well Maintained Property In The City Of Anaheim. Two 3 Bedrooms/ 2 Baths Units And Two 2 Bedrooms/ 2 Baths Units. Always Fully Rented. Great Income. Onsite Laundry Facilities, 5 Garages, And A Parking Space. A Total Of 3 Private Yards And Large Patios. Perfect For Owner Occupant Or Ideal For Investors. Very Convenient Location Close To I-5, Fwy 91, Knotts Berry Farm, Shopping Centers, Bus Stops, Eateries, Parks, and Schools.

Last Agent to Sell the Property

Allen Chen

IRN Realty License #00960711 Listed on: 06/19/2023

IRN Realty

Last Buyer's Agent

Marisol Amavizca

Socal Real Estate & Mgmt Inc License #01916233

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 8,874 Sq Ft Lot
  • Two or More Common Walls
  • East Facing Home
  • Front Yard

Parking

  • 5 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Parking Lot

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,468 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 14
  • Tax Tract Number 5090
  • Assessor Parcel Number 12661205

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,363
  • Maintenance Expense $7,948
  • Other Expense $4,835
  • Supplies Expense $2,500
  • New Taxes Expense $20,200
  • Operating Expense $38,046
  • Gross Income $110,340
  • Net Operating Income $72,294

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

5

Listing Details

  • CapRate: 4.28
  • Price Per Unit: 422500
  • Property Attached: Yes
  • Subdivision Name Other: Unknown
  • Supplies Expense: 2500.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 12661205
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 363.70

Exterior Features

  • Direction Faces: East
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear, Parking Space
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • Sewer: Unknown
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 8874.00
  • Lot Size Acres: 0.2037

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 110340.00
  • Gross Multiplier: 15.32
  • Gross Scheduled Income: 110340.00
  • Insurance Expense: 1363.00
  • Laundry Income: 240.00
  • Lot Size Area: 8874.0000 Square Feet
  • Maintenance Expense: 7948.00
  • Net Operating Income: 72294.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 38046.00
  • Other Expense: 4835.00
  • Other Expense Description: utilitie
  • Other Income1: 1920.00
  • Other Income Description: additional parking space
  • Rent Control: Yes
  • Total Actual Rent: 9015.00
  • Total Expenses: 38046.00

Tax Info

  • New Taxes Expense: 20200.00
  • Tax Lot: 14
  • Tax Tract Number: 5090

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/19/2023 09/19/23 Sold $1,625,000 -3.8% $364 / Sq Ft
08/15/2023 08/15/23 Pending -- -- --
07/19/2023 07/19/23 Price Changed $1,690,000 -3.4% $378 / Sq Ft
06/19/2023 06/19/23 For Sale $1,750,000 +121.5% $392 / Sq Ft
11/08/2012 11/08/12 Sold $790,000 -1.1% $177 / Sq Ft View Prior Sale
09/28/2012 09/28/12 Pending -- -- --
08/17/2012 08/17/12 For Sale $798,500 -- $179 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR23108297

California Regional Multiple Listing Service (CRMLS)

APN: 126-612-05